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56 Inlet Road W
About This Property
The home's key feature is its potential for customization. While it currently requires some tender loving care, the possibilities for transforming this space into your dream home are endless. The property includes a crawl space with both interior and exterior access, providing additional storage or development opportunities.
Adding to its charm, this home offers distant water views, making it a perfect retreat for those seeking tranquility and relaxation. The property also includes a detached, two-story, non-conforming 2-car garage, providing extra space for vehicles or potential for a workshop or studio.
Location is another significant advantage of this property. It is conveniently situated close to the Hampton Jitney and Southampton Train Station, making commuting or traveling a breeze. The property is also minutes away from Southampton Stony Brook College and a short drive from the Village of Southampton, known for its beautiful ocean beaches and vibrant community life.
The nearby Hampton Bays Town is just a few minutes away, offering a variety of local amenities including shopping, dining, and recreational activities. The property is located across from the serene Cold Spring Pond and in close proximity to the picturesque Peconic Bay Beach, providing numerous opportunities for water-based activities.
Whether you're looking for a weekend getaway, a year-round residence, or a potential rental investment, 56 Inlet Rd W offers a unique blend of potential, location, and natural beauty. This property is a gem waiting to be discovered in a sought-after community.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Listed by Douglas Elliman Real Estate | $989,900 | |
| Listed by Douglas Elliman Real Estate | |||
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About Shinnecock Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017